Three Ways to Know When the Credit Crisis Hits Bottom

There is a growing body of data that suggests banks have recognized only a fraction of the overall potential losses - approximately $50 billion to ... t include the additional losses from secondary-prime mortgage loans, auto loans, credit card balances, student loans and the other credit-related flotsam and jetsam floating around in the debt markets [more...]

Date: 2008-12-08 13:42:23

Blog posts (207) | Videos (216)
 

How Wall Street’s Meltdown Helps Main Street’s Housing

Just for fun, let’s imagine a possible silver lining to the complete melt down on Wall Street ... to extend car loans, credit card debt, retail debt and so on.  But this may not be all bad ... are up and his long commute is killing them.  They need to buy a different car.  “But no one is lending money [more...]

Date: 2008-09-19 13:00:15

Suze Orman Financial Video - Bank Collapse

Rick Sanchez from CNN talks with personal finance guru Suze Orman about what happens when a bank collapses ... To You By Expert Debt Help - Informative Credit Repair, Credit Reports and Debt Solution. Advice on Home Loans? - Your Guide to Home Improvement, Home Loans and Mortgages. Best Life and Car Insurance [more...]

Date: 2008-10-06 04:16:26

You Can Implement your own Credit Repair

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... of your salary that goes for necessities such as mortgage, car loans, credit card payments, utilities, other loan ... . This is the income you can devote to reducing debt. Next, decide which loans and credit cards [more...]

Date: 2009-01-14 23:27:42

Life Cover In South Africa

by Susan Renolds As a responsible person with a financial obligations and a family, you certainly realize your need for insurance ... term - resources. The steps now listed will serves a guide in analyzing your needs. Remember, however ... as final Expenses. usage of Credit cards, vehicle loans, and education loans are outstanding debts [more...]

Date: 2008-11-25 09:34:24

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans [more...]

Date: 2009-01-06 15:10:32

A Plan to Be Debt Free in 2009

Considering the current state of the economy, it’s likely a smart thing to try and rid yourself of any excess debt right now ... out your latest credit card statements, auto loan statements, student loan statements, etc ... high interest debt. Mine comes in the form of an auto loan. What about you? Do you have plans [more...]

Date: 2009-01-05 16:10:27

My Resignation

I have to leave my recent company which I have worked with for almost 4 years & 8 months (April 04 - Dec 08) due to some unavoidable reasons ... of things need to be taken into account:1. Cash Flow Issue: daily expenditure, car loan, PTPTN loan, credit card debts & etc2. Economy Crisis : during global economy down time, most companies are recently [more...]

Date: 2009-01-15 10:00:00

Commercial developers lining up at the bailout window

Good Monday morning - I don't know how many people are reading out there, given the fact we're now squarely in the holiday season ... the market for car loans, student loans and credit-card debt. This money is intended to go directly to help ... Analytics LCC, $530 billion of commercial mortgages will be coming due for refinancing in the next three [more...]

Date: 2008-12-22 13:14:00

Low Rate Loan For Poor Credit People

by katie George Sometimes bad credit history like unpaid debt, default, arrears, bankruptcy, ... , without checking their credit history. A secured loan requires your property such as home, car, bond or any other acceptable form as security against the loan. So bad credit borrowers who needs [more...]

Date: 2009-01-02 11:36:14

Paulson Says Focus Of Bailout Is Expanding

Treasury Secretary Henry Paulson said today that he was changing the focus of the $ 700 billion bailout passed last month from buying up troubled ... in such areas as credit card debt, auto loans and student loans. Mr. Paulson said 40 percent of the nation’s consumer credit was provided through selling securities that are backed by pools of auto loan [more...]

Date: 2008-11-12 17:14:08

Financial Clarity: The First Step to Eliminating Debt

We hear about it all the time on the news, the economy is in a downturn, a slump, a recession, a depression. Job lost is at an all time high ... credit card debt, student loans, car loans, and the money you borrowed from Uncle Charlie last year ... . People are losing their homes. People are scared. Just writing about it makes me feel scared. Oh [more...]

Date: 2009-01-08 02:07:51

Getting Out of Debt

‘Getting out of debt’ can seem quite daunting to most of us. It can seem like a never attainable goal ... in value - examples are car loans, furniture loans. In this post when I talk about debt reduction ... consolidating all of them into one big loan - all your credit card loans, personal loans [more...]

Date: 2008-12-21 09:06:48

Good Credit Report Score

Good Credit Report Score December 20th, 2008 Subscribe To Our Feed Bankruptcy is an option but the laws have changed and it is not always the ... establishments that promised to help you may have ended up hindering you. Bad Consolidation Credit loan personal Getting your credit card debt relief procedure started is the most important thing [more...]

Date: 2008-12-20 06:19:18

Finance - Books on Personal Loans

by Jorg Maurer Personal loans and all the terminology that goes with it can make your head spin after awhile ... issues including fixing up homes, then this book will give you calibre information in both areas. “ ... you information on how to pay off debt, including credit cards and personal loans. “Live Debt Free” (3rd Edition [more...]

Date: 2009-01-16 11:31:03

Statute of Limitations in Ohio on credit card debt; Open Account vs Written Contract

From Debt Prison Forum a reader asks for advice in response to a collection agency dragging up an 8 year old credit card debt ... written contract’?  I have a credit card debt from 8 years ago. (Capital One) The amount is $792.00 ... get by with what we have. I just had to take out a loan within the last month ($3500) to get a used car because [more...]

Date: 2008-11-12 02:31:36

The Debt Generation

Credit cards are hailed as convenient tools, a way to build credit and earn points or rebates ... loans and other education related debt make up a great chunk of that for many, credit card debt is also quite high and on the rise for young people-some high-school students even have their own credit [more...]

Date: 2008-09-04 22:13:09

Debt Consolidation Loans: Get Rid of the Debt-Danger

Debt- it adds a lot of troubles to our life. Debt-burden, harassing and untimely calls by creditors make our life so terrible ... to your requirement. Debt consolidation loans are also obtainable for those persons, who have a bad credit history, arrears, bankruptcy or CCJs. But in this case, lenders will charge higher interest rate [more...]

Date: 2009-01-16 16:17:03

Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements

Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks. The changes, which were included [more...]

Date: 2008-09-23 06:05:06

What are Home Equity Loans Good For?

Homeowners have seemingly limitless choices to tap in to the equity in their homes ... in your property. Even with poor credit, a home equity loan is not difficult to qualify ... of consolidating debt and eliminating high interest credit card loans. The biggest advantage to home [more...]

Date: 2009-01-17 12:50:29

Why Consumer Debt Is Hazardous to Your Financial Health

You don’t have to look far to find a financial expert who will tell you that consumer debt is bad ... . But has anyone ever really explained what the problem with consumer debt like credit cards and car loans is? On the surface, consumer debt doesn’t seem so awful. After all, using these types of credit lines [more...]

Date: 2009-01-04 13:49:19

Is Now the Time to Take Advantage of the Housing Crisis?

The following is a guest post from Rich Credit Debt Loan ... to offer you a loan that you can leverage to make that extra income. Unless you have perfect credit ... with images of foreclosed properties, falling home values and pretty much bad news all around [more...]

Date: 2008-06-26 12:55:13

Is Debt Necessary For Generating Income?

“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan ... about $1,200 on each one of the the personal loan and two credit cards. This way we’ll be able to pay off ... ? First of all, it’s worthwhile to get a bead on how bad this debt actually is. Margie reports [more...]

Date: 2008-11-26 20:00:49

Examining Payday Loans vrs Good and Bad Debt

Borrowing money and incurring debt is a process that all Americans do today, even though most frown upon it. From auto loans to credit loans to payday loans to various other types of personal loans, there seems to be a loan frenzy today that is contributing to the average American’s already $8200 [more...]

Date: 2008-10-23 22:26:14

Assessing Your Debt Situation (6)

Different plans have different requirements for borrowing and withdrawing money. Withdrawing money early from a tax-deferred account is expensive ... Out, by Twila Slesnick and John C. Suttle (Nolo). d. Obtain a Home Equity Loan or Credit Line Many banks, savings and loans, credit unions and other lenders offer home equity loans, also called second [more...]

Date: 2009-01-18 05:03:05

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-01 10:19:52

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-06 08:22:54

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-05 15:03:54

A Good Start

Chris Dodd’s plan: WASHINGTON (AP) — Judges could rewrite mortgages to lower bankrupt homeowners’ monthly payments as part of congressional ... including credit card debt or car loans — from any financial institution in the U.S. or abroad in order ... their bad assets on the government in the massive rescue would have to limit their executives’ pay [more...]

Date: 2008-09-22 18:18:39

On Avoiding Student Loan Payments

Debt is a bitch and student loans have taken center stage recently as the credit crisis threatened the ability of students to get loans ... and you can go on with your life. But with student loans, you’re being punished for being a better person.” First, I’ ... . However on this day, I read a story about how some people have resorted to moving overseas [more...]

Date: 2008-11-03 15:55:55

Pensioners hit by spiralling credit card debts forced to take out loans as energy prices soar

One in four people is approaching retirement with thousands of pounds worth of debt because they cannot meet the rising cost of living ... to pay their bills. The average credit card debt for the age group is now just over £8,000, according ... out the first available credit card in 1967 had expected to pay off their debts by their forties [more...]

Date: 2008-11-23 00:05:36

Who’s To Blame for Tech’s Woes? You and Me

The last time technology investments took a hit, it was easy to look around at the scattered sock puppets and dark fiber, ... t their wholehearted embrace of the web — it’s consumers’ wholehearted embrace of credit. That’s right, this tech ... debt, in the form of home equity loans and credit financing, which they’ve used to buy fancier cars [more...]

Date: 2008-10-31 04:01:17

Debt consolidation

Hi guys and girls, its time for me to say a few words about Nationwide credit counseling ... interest rates and improve quality of life. Even if you have a bad credit loans history, chances ... that are willing to provide what can be called bad credit loans. Such loans can come in particularly handy [more...]

Date: 2008-10-15 11:17:00

Top Financial Mistakes Made by College Students

by katie George 1. Blowing your school loan money Instead of using your financial aid for books, tuition, room & board, ... . 2. Credit Card Debt Even responsible adults can rack up some hefty credit card debt, but students ... , have no business getting multiple credit cards. This is a recipe for credit disaster, because now students [more...]

Date: 2009-01-01 22:21:38

savings accounts in problem banks. Gen X Finance asks if you got suckered into a fake gas price hike from hurricane Ike ... Posts:A Credit Card Survey, Passive Income, Car Payments @ The Carnival Money Articles To Make ... 29. Rich Credit Debt Loan suggests ways to undo the results of financial trauma. Money Ning [more...]

Date: 2008-09-16 16:36:41

Ten Commonalities of Debt and Carbs

This is a guest post from the author of Weight Loss Journal and Rich Credit Debt Loan. In many personal finance circles, the word debt has just as many negative connotations ... hatred. There are actually quite a few similarities between the two, both good and bad [more...]

Date: 2008-08-21 11:05:53

Holiday Cheer: Reality is Not All It's Cracked Up to Be

I am currently on blog holiday, and am re-posting some refreshing concoctions from Christmases past.Life. It's deep, right? ... surrounding (i.e. Shaolin), that credit card debt and those student loans aren't mundane, they suddenly ... told, cash ruling everything around me. These geniuses accomplish the impossible: they make Staten [more...]

Date: 2008-12-29 16:00:00

Shopping and Saving Money...

Oh, for the good old days when people would stop Christmas shopping when they ran out of money. ~Author Unknown So... ... has a mortgage, we own everything. No loans. No credit card debt. We lived on hand-me-down furniture ... . I thought -- heck, it's NOT the weekend, and it's early in the morning, it shouldn't be too bad. WAS I EVER [more...]

Date: 2008-12-06 10:17:42

Free Money Debt Grants

Debt grants help individuals and families get the financial aid they need without filing for personal bankruptcy or destroying their credit or just making matters worse by using more lines of credit. We all know that pay day loans, for example ... in the future. Your credit will be destroyed. Debt counselors might be able to create good results [more...]

Date: 2009-01-14 12:24:03

Roth IRA FAQ, Income Streams and Financial Q & A @ The Carnivals

new logo design is now over. As for which logo won? It was a tight vote between 2 logos. Now how about I surprise you all with it when I put it up? ... In Washington All Financial Matters: Oil Just Keeps Dropping! Rich Credit Debt Loan: How To Stop ... Decision Crackerjack Greenback: Personal Finance in the Bible: Proverbs 13:7 Ask Mr. Credit Card [more...]

Date: 2008-12-03 22:11:44

Private Savings is the Federal Deficit

Jesse has a very nice post explaining the different kinds of money, and I recommend people read it. However, (s)he ends on an error, which I was prey to until recently also.Are credit cards or loans Money ... with conditions. You are receiving money that was not yours. Credit Is Not Money. Credit, or debt [more...]

Date: 2009-01-05 04:07:11

The Bad Paper Chase

The Bad Paper Chase November 26th, 2008 admin And the handout/buyout craze continues ... such as credit cards, auto loans and student loans. By all means, let’s just keep buying up debts from people ... Loan Banks. It also will purchase another $500 billion in mortgage-backed securities, pools [more...]

Date: 2008-11-26 07:37:00

3 Things You Need To Do Before Consolidating Debt

Amazon.de Widgets Consolidating debt is a process whereby you combine all your debt into one, easy to manage, loan or payment, in order to get into the right position to start to consolidate credit debt there are some steps you must take first.Many people are facing terrible financial situations due to the global economic crisis and a great number of these people are looking at ways to ease the pressure on themselves, both mentally and financially, but how can they do this effectively?Well, up [more...]

Date: 2009-09-27 20:46:53

The next meltdown?

So what is the next meltdown?  This article in MSN suggets it’s credit cards.  Definitely a possibility ... , but how are people affording credit cards, student loans, and car loans?  Much like foreclosures ... . First, the average debt of consumers is $16k when averaged over people who don’t have credit cards, pay [more...]

Date: 2008-11-06 17:42:46

End all your debts

The spender in me has strike again. I bought a new pair of Crocs “Alice” yesterday and I was like so high of its cuteness! Lol! ... all my credit card charges before it bears interest because of fear of consolidation loan bad credit ... Now, I’m thinking of a credit card consolidation for my debts, bwahahahaha! Do you think [more...]

Date: 2008-10-23 02:31:52

5 Fixes for Financial Woes Get Out of Debt Fast

This year we are not in a good shape when we talk about financial status. We expect too much of our farm crop ... . Put “bad” debts, such as unpaid high-interest credit card balances and payday loans – cash loans ... . 3. Lose the Flab ***Consider how much you spend on mortgage, rent, car payment, insurance, groceries [more...]

Date: 2008-12-10 04:04:12

The Fannie/Freddy bailout

It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]

Date: 2008-07-15 01:21:54

Strangers On A Train

Had to take the train all the way out to the sticks again today so I could pick up my car ... s just not the same. “In business, do you take the person who screwed things up and put them in charge of fixing ... sweetly. “Now the original proposal includes foreign banks, credit card debt and school loans. That wasn’ [more...]

Date: 2008-09-22 18:00:46

What is a debt consolidation loan?

What is a debt consolidation loan? December 12th, 2008 If you find that you are unable to meet your monthly repayments to your creditors, ... the following:- 1. As there are sometimes charges and penalties for early completion of a credit agreement [more...]

Date: 2008-12-12 19:12:27

"US Banksters Flip Flop On Bailout Rationale"

... expansion of the program into the markets that provide support for credit card debt, auto loans and student loans.Paulson said 40 percent of U.S. consumer credit is provided through selling securities [more...]

Date: 2008-11-12 23:52:00

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